Bitcoin makes new ATH. More ATHs to come shortly. - page 3.

fullhdpixel

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Quote from: Silberman on November 27, 2021, 12:10:09 PM

there are many short term factors that could affect the price of bitcoin and make it to go down scaring some newbies in the process, an example of that is what is happening with the new covid strain that has been discovered at South Africa, investors got very nervous not because of the discovery of a new strain itself but because it seems to be a strain that could be especially dangerous and that it could force us to go back to the lockdowns we suffered not long ago.

From this I come to a conclusion that bitcoin market is being controlled by retail investors and traders and not by long-term believers. Because, if we are the real influencers and taking bitcoin market to a new ATH near $70k, then definitely we will not get scared about a new covid variant and dumping bitcoins. I remember the same kind of scenario by March 2020. But, this time I am not expecting that kind of damage due to covid. It means we may see bitcoin prices to be recovering and setting up new ATH.

Honestly I am still confident about getting into $100k levels in 2021. Hopefully India will take a neutral stand along with their new crypto bill which might be another factor (by considering the number of bitcoin adapters) for driving bitcoin toward $100 in my opinion.

Silberman

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Quote from: Yaunfitda on November 24, 2021, 06:04:57 PM

Quote from: Silberman on November 24, 2021, 10:53:55 AM

Quote from: Vaskiy on November 23, 2021, 10:21:58 PM

The market at present isn't able to gain momentum for forward push. It has been moving within particular price point. Upon which there is more chance of a bear trend than a bullish move. The market won't move upward all the time, it also requires time to correct itself.

The market moves will continue to drop down to $50k and then we can expect gradual rise, because during the month of December there'll be more selling as it is vacation. Maybe some positive news could impact the market turn bullish.

It is true that market is failing to gain momentum and it is trapped between the 50k and the 60k levels, this means that investors are undecided, there is no clear trend to follow however to me that is not such a big issue, if we think about it this is great, we have a ranging price that is half way there to 6 figures, that is amazing and it would have been unthinkable just a few years ago, so while I still think the market could grow even more I am satisfied by what we have seen this year.

Exactly, that is the term "undecided", but it doesn't mean that they will have this mindset for a long time. Maybe right now they don't know what to do, whether to invest or not, but sooner or later they will have to make a decision for themselves and I'm optimistic that this will be very positive and bullish movement could occur once we enter December. And I don't see it dropping to $50k, we've seen the lowest at $55k and it won't go down hard unless there is a massive FUD again next month.

I think the same, however there are many short term factors that could affect the price of bitcoin and make it to go down scaring some newbies in the process, an example of that is what is happening with the new covid strain that has been discovered at South Africa, investors got very nervous not because of the discovery of a new strain itself but because it seems to be a strain that could be especially dangerous and that it could force us to go back to the lockdowns we suffered not long ago.

agustina2

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Quote from: Yaunfitda on November 24, 2021, 06:04:57 PM

Exactly, that is the term "undecided", but it doesn't mean that they will have this mindset for a long time. Maybe right now they don't know what to do, whether to invest or not, but sooner or later they will have to make a decision for themselves and I'm optimistic that this will be very positive and bullish movement could occur once we enter December. And I don't see it dropping to $50k, we've seen the lowest at $55k and it won't go down hard unless there is a massive FUD again next month.

Regardless of the new ATh will happen or not in December doesn't matter. It's already sure that Bitcoin price will reach ATH another ATH from now on. There's no other way of it even a bear trend will happen. I like the price happening so far when Bitcoin didn't directly touch the $70,000 price. It needs another more round of refueling before taking the $50,000 or $60,000 price as its support and resistance level.

I don't believe that we will not be seeing Bitcoin will drop again at $50,000. It will happen but eventually, a heavy bull run will happen again.

Yaunfitda

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Quote from: Silberman on November 24, 2021, 10:53:55 AM

Quote from: Vaskiy on November 23, 2021, 10:21:58 PM

The market at present isn't able to gain momentum for forward push. It has been moving within particular price point. Upon which there is more chance of a bear trend than a bullish move. The market won't move upward all the time, it also requires time to correct itself.

The market moves will continue to drop down to $50k and then we can expect gradual rise, because during the month of December there'll be more selling as it is vacation. Maybe some positive news could impact the market turn bullish.

It is true that market is failing to gain momentum and it is trapped between the 50k and the 60k levels, this means that investors are undecided, there is no clear trend to follow however to me that is not such a big issue, if we think about it this is great, we have a ranging price that is half way there to 6 figures, that is amazing and it would have been unthinkable just a few years ago, so while I still think the market could grow even more I am satisfied by what we have seen this year.

Exactly, that is the term "undecided", but it doesn't mean that they will have this mindset for a long time. Maybe right now they don't know what to do, whether to invest or not, but sooner or later they will have to make a decision for themselves and I'm optimistic that this will be very positive and bullish movement could occur once we enter December. And I don't see it dropping to $50k, we've seen the lowest at $55k and it won't go down hard unless there is a massive FUD again next month.

Alanaz

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Quote from: Oceat on November 21, 2021, 11:59:48 AM

Quote from: cryptomaniac_xxx on November 21, 2021, 03:53:15 AM

Quote from: dEjAvOU on November 19, 2021, 02:46:25 AM

ATH occurs because investors are optimistic about the future of bitcoin, they immediately buy when they get positive news for example Elon Musk who invests up to millions of dollars, besides the higher transaction volume makes the opportunity to skyrocket happen and I believe that the new ATH in November can reach at least $70k.

Forget about Elon Musk though for a while, he is no longer relevant to bitcoin market as far as I'm concern.

We are at least trying to break into the $60k region again. As you know, the price dip to as low as $55k and now it seems that we are regaining some ground, but this could be a bull trap as well. Nevertheless, personally I think we are still in the bull run and $70k is a conservative price to reach this year.

Elon Musk is out of the topic these days since he was so busy pumping his memecoin/altcoin/shitcoin. He's just creating a hype using his influence to the social media.

Anyway, I like it this way, Bitcoin slowly taking some dips and slowly gaining a new high after, it just proves that it's quite stable in this manner until the market pumps again. For now, it looks like a bear trap but the way the market stay still, it's out of the line to call it as bear trap. It might be just trying to test a new price with what's the bottom then proceed to break the $60k again and might as well have a couple of days testing the $60k before breaking the new ATH which is $70+ up.

he is currently busy with other dog coins because he always does that.
this is a pretty good thing because indeed with things like this bitcoin will be more stable in their price stability and this is quite good for those who are indeed holders in bitcoin because it is indirectly in this case bitcoin will gradually be greener with the adoption rate continue to increase

Silberman

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Quote from: Vaskiy on November 23, 2021, 10:21:58 PM

The market at present isn't able to gain momentum for forward push. It has been moving within particular price point. Upon which there is more chance of a bear trend than a bullish move. The market won't move upward all the time, it also requires time to correct itself.

The market moves will continue to drop down to $50k and then we can expect gradual rise, because during the month of December there'll be more selling as it is vacation. Maybe some positive news could impact the market turn bullish.

It is true that market is failing to gain momentum and it is trapped between the 50k and the 60k levels, this means that investors are undecided, there is no clear trend to follow however to me that is not such a big issue, if we think about it this is great, we have a ranging price that is half way there to 6 figures, that is amazing and it would have been unthinkable just a few years ago, so while I still think the market could grow even more I am satisfied by what we have seen this year.

bakasabo

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Quote from: doomloop on November 23, 2021, 02:28:28 PM

That 4 year cycle is an old talk and wasn't correct this year.

What can you say about following: when I look on the graph, I see a price growth on last/first months of 2013/2014, then on last/first months of 2017/2018 there was a nice growth, now this year there is a price growth and we are near 2022. According to wiki bitcoin appear in 2009. +4 years and in 2013/2014 a nice growth, +4 year and in 2017/2018 growth, +4 years (almost) and on October 2021 new ATH. This year we had ATH just a bit earlier. Isnt it a 4 year cycle ?

pooya87

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Quote from: Vaskiy on November 23, 2021, 10:21:58 PM

The market moves will continue to drop down to $50k and then we can expect gradual rise, because during the month of December there'll be more selling as it is vacation. Maybe some positive news could impact the market turn bullish.

HAHA I really hope more people think this way because last year when they said the same thing over and over in the months leading to the end of 2020, we saw a massive rise. Price started at $18k and broke the previous ATH which as you may know is a pretty tough resistance to break and then continued to reach $30k+ before December ended Cheesy

So basically the "more selling cause it is holiday" turned into a big 70% rise in 4 weeks.

Vaskiy

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Quote from: Chato1977 on November 23, 2021, 04:23:12 AM

Quote from: Fundamentals Of on November 08, 2021, 08:44:19 PM

It's just around 20 days ago when Bitcoin reached its previous ATH which was $66,974.77. Just an hour ago, that ATH is already a piece of history as Bitcoin once again registered a new ATH. This time, the new ATH is $67,772.67.

Who else have the feeling that this very recent ATH will not be there for long?

$100,000 is now in clear sight. S2F might prove to be right once again.

Where i the Shortly now ? the price drops down to 56k again and there is a chance it will continue drops .

I think the market behavior is far from what we expected here and i believe that like the other thread says, there are opportunity of another bull trap this December 2021.

The market at present isn't able to gain momentum for forward push. It has been moving within particular price point. Upon which there is more chance of a bear trend than a bullish move. The market won't move upward all the time, it also requires time to correct itself.

The market moves will continue to drop down to $50k and then we can expect gradual rise, because during the month of December there'll be more selling as it is vacation. Maybe some positive news could impact the market turn bullish.

doomloop

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Quote from: bakasabo on November 23, 2021, 04:39:35 AM

Shortly, nearest future, soon - do you really believe that Bitcoin price can grow all the time? Grow so quickly, to update ATH all the time. I think we start to forget how low Bitcoin price can drop, and how much time it will take to recover. Dont forget about 4 year price cycle. Dont forget how the price grew thanks to ICO and Elon Musk, and NFT probably. I think that the price will be updated only when a new "pusher" will appear on the market. A new hype that will attract newmoney to cryptocurrency, that will wake up peoples interest into spending and investing.

That 4 year cycle is an old talk and wasn't correct this year. We had a big increase to ATH during April, and then we had a 50%+ crash and then we recovered to a new ATH once again in the same year. This all happened within one year, which means that people are definitely looking into something for themselves as well, it is going to be not so weird to expect it to be 100k somewhere in 2022 as well, which could mean the start could happen during December too.

It is why I believe that bitcoin could always fall like you said, but that doesn't need to happen all the time, it could happen at different periods as well and maybe this isn't one of those times, it was a correction and we will recover and break ATH again, or maybe we won't but there is no guarantee which one of those things will happen. This is why people believe "anything could happen" is more likely than saying this or that will happen.

bakasabo

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Shortly, nearest future, soon - do you really believe that Bitcoin price can grow all the time? Grow so quickly, to update ATH all the time. I think we start to forget how low Bitcoin price can drop, and how much time it will take to recover. Dont forget about 4 year price cycle. Dont forget how the price grew thanks to ICO and Elon Musk, and NFT probably. I think that the price will be updated only when a new "pusher" will appear on the market. A new hype that will attract newmoney to cryptocurrency, that will wake up peoples interest into spending and investing.

Chato1977

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Quote from: Fundamentals Of on November 08, 2021, 08:44:19 PM

It's just around 20 days ago when Bitcoin reached its previous ATH which was $66,974.77. Just an hour ago, that ATH is already a piece of history as Bitcoin once again registered a new ATH. This time, the new ATH is $67,772.67.

Who else have the feeling that this very recent ATH will not be there for long?

$100,000 is now in clear sight. S2F might prove to be right once again.

Where i the Shortly now ? the price drops down to 56k again and there is a chance it will conmtinue drops .

I think the market behavior is far from what we expected here and i believe that like the other thread says, there are opportunity of another bull trap this December 2021.

Ararbermas

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Bitcoin is a very popular crypto in the space so it's surprising its breaking history everytime when bull occur in the market as well.. It's the common choice of some investors to make the story short so expect more all time high value in the future. This is just a beginning indeed and since the adaptions is getting higher for sure there will be more surprises ahead with bitcoin.

Tumanggor

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Quote from: Fundamentals Of on November 08, 2021, 08:44:19 PM

It's just around 20 days ago when Bitcoin reached its previous ATH which was $66,974.77. Just an hour ago, that ATH is already a piece of history as Bitcoin once again registered a new ATH. This time, the new ATH is $67,772.67.

Who else have the feeling that this very recent ATH will not be there for long?

$100,000 is now in clear sight. S2F might prove to be right once again.

bitcoin always creates new ATH and can't be stopped

$100k is next > bitcoin's new ATH target in the near future and I'm pretty sure it will be before 2021 over

My advice is buy now before it's too late

Baofeng

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Quote from: carlfebz2 on November 21, 2021, 06:27:43 PM

Quote from: Fundamentals Of on November 08, 2021, 08:44:19 PM

It's just around 20 days ago when Bitcoin reached its previous ATH which was $66,974.77. Just an hour ago, that ATH is already a piece of history as Bitcoin once again registered a new ATH. This time, the new ATH is $67,772.67.

Who else have the feeling that this very recent ATH will not be there for long?

$100,000 is now in clear sight. S2F might prove to be right once again.

$100k is on clear sight but doesnt mean that we would able to break 70-80-90k easily and expect that this would really be a hell of bumpy ride and theres some indefinite time on when it would happen.It all matters

with the demand and recognition which is something that cant really be influenced for it to move it faster or something like that but we are surely moving and heading there despite of the tight regulations that

we are facing considering that government doesnt always end up on being positive with crypto but rather they do really hesitate on dealing or touching it which it isnt really surprising at all.

We will see if we can pump $10k before the end of the month just to push the price to near levels of $70K. Unfortunately, it seems that the price can't even go above $60k. But yes, if 6 digits is clear then it will be one bumpy ride leading to it. We still have the historical bullish month of December to look forward to, so let's see how it will pan out. And we didn't hit 6 digits this year, then obviously, the target would be Q1 of 2022.

carlfebz2

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Quote from: Fundamentals Of on November 08, 2021, 08:44:19 PM

It's just around 20 days ago when Bitcoin reached its previous ATH which was $66,974.77. Just an hour ago, that ATH is already a piece of history as Bitcoin once again registered a new ATH. This time, the new ATH is $67,772.67.

Who else have the feeling that this very recent ATH will not be there for long?

$100,000 is now in clear sight. S2F might prove to be right once again.

$100k is on clear sight but doesnt mean that we would able to break 70-80-90k easily and expect that this would really be a hell of bumpy ride and theres some indefinite time on when it would happen.It all matters

with the demand and recognition which is something that cant really be influenced for it to move it faster or something like that but we are surely moving and heading there despite of the tight regulations that

we are facing considering that government doesnt always end up on being positive with crypto but rather they do really hesitate on dealing or touching it which it isnt really surprising at all.

TheGreatPython

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Quote from: cryptomaniac_xxx on November 21, 2021, 03:53:15 AM

Quote from: dEjAvOU on November 19, 2021, 02:46:25 AM

ATH occurs because investors are optimistic about the future of bitcoin, they immediately buy when they get positive news for example Elon Musk who invests up to millions of dollars, besides the higher transaction volume makes the opportunity to skyrocket happen and I believe that the new ATH in November can reach at least $70k.

Forget about Elon Musk though for a while, he is no longer relevant to bitcoin market as far as I'm concern.

We are at least trying to break into the $60k region again. As you know, the price dip to as low as $55k and now it seems that we are regaining some ground, but this could be a bull trap as well. Nevertheless, personally I think we are still in the bull run and $70k is a conservative price to reach this year.

I do agree that Elon is not cared about anymore. When he did it for the first time he was richest (or second richest for a while in between) person in the world. Of course the richest man in the world saying something about bitcoin would make everyone quite happy and that is what happened.

What I believe we are living right now is a period after that like a burn out. People cared about him long enough and they just feel tired about him and that's understandable. What did everyone expect, for people to care about Elon forever? This is why I totally get it, it is understandable that we grew tired and do not care about him. This is how we are taking over that 60k again, because we care more about ourselves now.

Oceat

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Quote from: cryptomaniac_xxx on November 21, 2021, 03:53:15 AM

Quote from: dEjAvOU on November 19, 2021, 02:46:25 AM

ATH occurs because investors are optimistic about the future of bitcoin, they immediately buy when they get positive news for example Elon Musk who invests up to millions of dollars, besides the higher transaction volume makes the opportunity to skyrocket happen and I believe that the new ATH in November can reach at least $70k.

Forget about Elon Musk though for a while, he is no longer relevant to bitcoin market as far as I'm concern.

We are at least trying to break into the $60k region again. As you know, the price dip to as low as $55k and now it seems that we are regaining some ground, but this could be a bull trap as well. Nevertheless, personally I think we are still in the bull run and $70k is a conservative price to reach this year.

Elon Musk is out of the topic these days since he was so busy pumping his memecoin/altcoin/shitcoin. He's just creating a hype using his influence to the social media.

Anyway, I like it this way, Bitcoin slowly taking some dips and slowly gaining a new high after, it just proves that it's quite stable in this manner until the market pumps again. For now, it looks like a bear trap but the way the market stay still, it's out of the line to call it as bear trap. It might be just trying to test a new price with what's the bottom then proceed to break the $60k again and might as well have a couple of days testing the $60k before breaking the new ATH which is $70+ up.

Silberman

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Quote from: doomloop on November 18, 2021, 03:25:49 PM

Quote from: Wawa2013 on November 18, 2021, 02:02:07 AM

Don't forget that this year many institutions have decided to invest in Bitcoin, so the possibility of the dump that occurred in 2017/2018 is very small will be repeated. Moreover, since Bitcoin reached ATH several times this year, more and more large investors have joined, I believe Bitcoin will be bullish until the end of this year. So don't worry about the Bitcoin price drop right now, because Bitcoin has gone up too high to hit a price of $68k.

Those companies will probably not invest into crypto just to get out very quickly. I believe that we are going to have those companies buying and buying and keep holding it for years. Remember these are stock market companies, they buy stocks and hold them for 50 years, there are many companies that hold it for decades and they will probably keep doing that in crypto as well.

This is why I believe that we should follow that approach as well, I am going to try and hold my crypto for years, probably decades and that's how I am going to keep profiting from it. I am not so sure if I am going to be able to, life has unexpected things thrown at us all the time, but that is at least my goal. This is why I believe that these companies will not sell anytime soon, they will hold it at least another 10+ years and that's going to be helping prices as well.

And this helps the price in three ways, the most obvious one is that with an increase in the demand the price goes up which is what many people care about but there are even more benefits, the second benefit is that this reduces the size of a crash as institutional investors will see a crash not as something negative but as an opportunity to get more bitcoin for a reasonable price, and finally this will help to stabilize the price as they keep holding their coins forever.

Yamifoud

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Quote from: cryptomaniac_xxx on November 21, 2021, 03:53:15 AM

We are at least trying to break into the $60k region again. As you know, the price dip to as low as $55k and now it seems that we are regaining some ground, but this could be a bull trap as well. Nevertheless, personally I think we are still in the bull run and $70k is a conservative price to reach this year.

It can't be clear but that seems possible since the support level is up unlike in the previous days. I think that we even surpass $70k if this continues.
I guess we are still making the new ATH high this year before we jump 2022. This year is kinda making good history in the crypto market. Quite obvious to see that the market is keeping healthy all throughout this year even we still have 1 month left, I know we are still on the bullish side rather than seeing it in red.

Topic: Bitcoin makes new ATH. More ATHs to come shortly. - page 3. (Read 725 times)